Funding arb · Price arb /

NBIS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0275%/8h= −30.1% APRpaid last 24h −0.139%

Price spread now: QFEX against edgeX+0.022%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.504%−$50 on $10k

Price spread, last 3 days (all we have)−0.233%−$23 · spread now +0.022%, 7d avg −0.009%

Together, before fees−0.737%+ Points / potential airdropedgeX: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.031% dearer against edgeX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.009%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NBISUSDC	233.01	0.0308	pay 0.0154% / 4h	1h 58m	$37K	$235K	10x
Short	QFEX NBIS-USD	233.06	0.0033	get 0.0004% / 1h	58m 40s	$1.5M	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee QFEXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$57.81
Price spread: +0.022% → −0.009%: $3.09
Slippage, 4 orders: −$35.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$108.8
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; QFEX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 23 min ago	5.57 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.15 bp	7.5 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin NBIS-USDT	−0.0028%	8h	233.14	+0.057%	$206K	$216K	20x	as long as short
Aster NBISUSDT	0.0000%	8h	233.12	+0.047%	$79K	$304K	50x	as long as short
Extended NBIS-USD	0.0000%	1h	233.08	+0.029%	$141K	$697K	10x	as long as short
Binance NBISUSDT	0.0000%	8h	233.13	+0.052%	$19.4M	$87.2M	25x	as long as short
Bybit NBISUSDT	0.0000%	8h	233.10	+0.039%	$5.1M	$6.6M	50x	as long as short
OKX NBIS-USDT-SWAP	0.0000%	8h	233.02	+0.005%	$3.4M	$17.0M	25x	as long as short
Gate NBIS_USDT	0.0000%	8h	233.05	+0.018%	$2.8M	$5.3M	50x	as long as short
Bitget NBISUSDT	0.0000%	8h	233.09	+0.035%	$2.5M	$4.8M	20x	as long as short
Variational Omni NBIS	0.0000%	8h	233.01	+0.003%	$2.8M	$945K	—	as long as short
SunX NBIS-USDT	0.0000%	8h	232.93	−0.034%	$519	$1.8M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit NBIS_USDC-PERPETUAL	0.0000%	1h	232.96	−0.021%	$35K	$48K	10x	as long as short
HTX NBIS-USDT	0.0000%	8h	232.97	−0.016%	$15K	$115K	20x	as long as short
Phemex NBISUSDT	0.0000%	8h	233.14	+0.057%	$1.6M	$966K	10x	as long as short
GRVT NBIS_USDT_Perp	+0.0005%	8h	232.99	−0.007%	$5K	$147K	10x	as long as short
QFEX NBIS-USDshort	+0.0033%	1h	233.06	+0.022%	$1.5M	$5.1M	10x
Arcus NBIS-USD	+0.0040%	1h	233.07	+0.026%	$44K	$134K	5x	as long as short
Vest NBIS-USD-PERP	+0.0046%	1h	233.17	+0.069%	—	$234K	5x	as long as short
SoDEX NBIS-USD	+0.0050%	1h	233.07	+0.026%	$51	$20K	10x	as long as short
Ondo Perps NBIS-USD.P	+0.0050%	1h	233.05	+0.018%	$180K	$521K	10x	as long as short
Coinbase International NBIS-PERP-INTX	+0.0072%	1h	233.02	+0.005%	$356K	$702K	10x	as long as short
Polymarket Perps NBIS-USD	+0.0086%	1h	233.00	−0.004%	$139K	$637K	10x	as long as short
KuCoin NBISUSDTM	+0.0100%	8h	232.99	−0.008%	$480K	$25K	20x	as long as short
Orderly PERP_NBIS_USDC_mythos	+0.0100%	8h	233.01	+0.001%	$2K	$4K	10x	as long as short
Aevo NBIS-PERP	+0.0104%	1h	233.00	−0.004%	—	—	10x	as long as short
Lighter NBIS	+0.0192%	1h	233.19	+0.078%	$934K	$4.6M	10x	as long as short
Entropy io:NBIS	+0.0193%	1h	233.08	+0.031%	$10.2M	$3.3M	10x	as long as short
tradeXYZ xyz:NBIS	+0.0202%	1h	233.16	+0.065%	$54.4M	$23.5M	10x	as long as short
Nado NBIS-PERP	+0.0256%	1h	233.15	+0.059%	$28K	$65K	3x	as long as short
Phoenix NBIS	+0.0276%	1h	233.27	+0.112%	$7K	$185K	10x	as long as short
edgeX NBISUSDClong	+0.0308%	4h	233.01	long leg	$37K	$235K	10x
Kraken Futures PF_NBISUSD	+0.0347%	1h	233.05	+0.017%	$24K	$13K	20x	as long as short